Stock market concluded today's trading session on a strong note. The Sensex closed at 77,022.25, registering a gain of 402.92 points (0.53%), while the Nifty ended at 23,344.75, up by 141.55 points (0.61%). Bajaj Finance,Wipro Kotak, Mahindra Bank emerged as the top gainers on the Nifty index. On the other hand, Trent, HDFC Life, Adani Ports, and SBI Life Insurance were among the major laggards.
Sector-wise, most indices closed in the green, reflecting widespread buying interest. However, auto stocks underperformed and saw declines. Meanwhile, the BSE Midcap and Smallcap indices displayed resilience, each rising by nearly 1%, highlighting robust activity in broader market segments.
Indian market traded higher with Sensex hitting 77,000 mark once again. Nifty rose above 23,300 mark as well. Market was driven by sharp buying across the board. Banking stocks were top gainers with Nifty PSU Bank and Private Bank indexes on BSE rising by 1.25%to 1.7%. Financial, metal, and consumer durables stocks lifted the market furthermore. On the Nifty index Kotak Mahindra Bank, Wipro, NTPC, SBI and Reliance Industries were the top gainers whereas Shriram Finance, SBI Life, IndusInd Bank, HDFC Life and Tata Motors were the top losers.
Trump's inauguration as the 47th president of the United States is expected to be watched closely by market observers tonight amid the Q3 results being in. With market observers focussing on Zomato, Dixon, and Oberoi Realty's significant Q3 earnings today, Donald Trump's inauguration as the 47th president of the United States on Monday, January 20, will have a significant effect on the global market.
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Jan 20, 2025, 3:15 pm IST
:IDBI Bank Unaudited Financial Results for the quarter and nine months ended December 31, 2024
Net Profit improved by 31% in Q3 of FY 2025 to ₹1,908 crore as against net profit of ₹1,458 crore in Q3 of FY 2024. Operating profit improved by 20% in Q3 of FY 2025 to ₹2,802 as against ₹2,327 crore in Q3 of FY 2024. Net Interest Income improved by 23% in Q3 of FY 2025 to ₹4,228 crore as against ₹3,435 crore in Q3 of FY 2024. Net Interest Margin (NIM) improved by 45 bps in Q3 of FY 2025 to 5.17% as compared to 4.72% in Q3 of FY 2024. Cost to Income ratio down by 351 bps in Q3 of FY 2025 to 43.71% as against 47.22% in Q3 of FY 2024. Cost of Deposit stood at 4.63% in Q3 of FY 2025 as compared to 4.34% in Q3 of FY 2024. Cost of Funds stood at 4.82% in Q3 of FY 2025 as compared to 4.60% in Q3 of FY 2024.
Jan 20, 2025, 3:15 pm IST
Strides receives USFDA approval for Acetaminophen and Ibuprofen Tablets,
Strides Pharma Science Limited (Strides) today announced that its stepdown wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval for Acetaminophen and Ibuprofen Tablets, 125 mg /250 mg (OTC), from the United States Food & Drug Administration (USFDA). The product is bioequivalent to the reference listed drug (RLD), Advil Dual Action with Acetaminophen, 125 mg /250 mg (OTC), of Haleon US Holdings LLC. The addition of the Acetaminophen and Ibuprofen Tablets, 125 mg /250 mg (OTC) will significantly enhance our existing portfolio of over-the-counter (OTC) products. By offering a dual-action pain relief option, we aim to cater to a broader patient base, providing effective and accessible solutions for pain management.
Jan 20, 2025, 3:12 pm IST
Central Bank Of India Quarter 3rd Financials
Central Bank of India has released its third quarter results for FY25. Total Business grew by 8.31 % to ₹ 668686 crore from ₹ 617368 crore. ✓ Total Deposits up by 5.34 % to ₹ 397907 crore from ₹ 377722 crore. ✓ CASA Deposits have increased by ₹ 10565 crore to ₹ 195107 crore, reflecting Y-o-Y growth of 5.72% & having a share of 49.18% of total Deposits. ✓ Gross Advance increased by 12.99 % to ₹ 270779 crore from ₹ 239646 crore. ✓ Credit to Deposit (CD) Ratio improved to 68.25 % registering an improvement of 465 bps, from 31st December 2023.
Jan 20, 2025, 3:00 pm IST
Rupee Vs Dollar
Indian rupee opened at 86.47 against dollar on Monday
Jan 20, 2025, 2:54 pm IST
Top 5 Gainers And Losers Today
Stock Market Live Updates
Jan 20, 2025, 2:40 pm IST
ASI Industries Limited Q3 Financials
ASIIndustries Limited,amongstIndia’s leading stone mining and quarrying
companies announced today its financial results for the third quarter (Q3FY25) and nine months (FY25) ended 31st December 2024. Total Revenue was ₹5445.84 lakhs for Q3 FY25 as compared to ₹ 4976.49 lakhs in Q3 FY24 an increase of 9.66% QoQ. ▪ EBITDA stood at ₹1982.04 lakhs for Q3 FY25as compared to ₹ 1616.17 lakhs during Q3 FY24 an increase of 22.64% QoQ ▪ EBITDA Margin at 36.40% for Q3 FY25 as against 32.48% during Q3 FY24 an increaseof 392 basis points (bps) QoQ ▪ Net profit stood at ₹ 1217.51 lakhs for Q3 FY25 as against ₹ 1005.60 lakhs during Q3 FY24 an increase of 10.64% QoQ
Jan 20, 2025, 2:37 pm IST
Supreme Q3 Results
The Supreme Industries Limited (“Supreme”), India’s leading Plastics product manufacturing company, announced its Unaudited Standalone & Consolidated financial results for the Quarter and Nine months period ended 31st December 2024, at its Board Meeting held today. The overall turnover of value-added products remained at Rs. 961 crores during the 3rd quarter of the current year against Rs. 853 crores in the corresponding quarter of the previous year achieving growth of about 13%. The Company Continues to be Debt free and having a Cash Surplus of Rs. 290 crores as on 31st December, 2024.
Jan 20, 2025, 2:01 pm IST
Result Update: SBI Life | 3QFY25: In-Line Results, Valuations Comfortable For 15% VNB Growth
“SBI Life reported a VNB (Value of New Business) INR 42.9bn for 9M25, in line with JMFe, implying a growth of 6.2% YoY, with 3Q VNB at INR 18.7bn, +11.3% YoY. VNB margins came in at 26.9% for 9M and 3Q25. For 9M, individual APE grew 14.0% YoY to INR 147.7bn, while group APE has contracted by 16.1% to INR 12bn. Group APE returned to YoY growth in 3Q at INR 4.5bn, +25% over 3Q24 levels. Management maintained its guidance of 15%+ individual APE growth for FY25 and in near term, with margins at 27%-29%. Banca growth remained range-bound at 8.5% YoY for 9M as management aspires for sustained 10%ish growth from the channel, banking on its Agency 2.0 strategy to lead individual APE growth. 67% of total APE in 3Q25 came from ULIPs yet SBI Life remains the leader in VNB margins, implying no change in commission structures, as guided by the management after deregulation of commissions in FY24. We cut our VNB estimates by 3%/2% for FY25e/FY26e, with EV estimates declining under 1%. We roll forward to FY27 and see 15%/17%/18% CAGR in APE/VNB/EV over FY25-FY27. At CMP, the stock trades at valuations of 1.9x/1.6x FY26/FY27e EV, implying 12.1x/9.5x on VNB, after accounting for VIF (Value of In Force business) in the CMP. We believe these are inexpensive for 18% EV CAGR. However, given the weak aspirations for banca growth (its largest channel consistently contributing to 60%+ of its individual APE), we cut our Target Price to INR 2,000, valuing SBI Life at 2.1x FY27e EVPS of INR 972 (down from 2.5x FY26e EVPS). Maintain BUY,” said Raghvesh R of JM Financial Institutional Securities Ltd.
Jan 20, 2025, 1:32 pm IST
Result Update: Wipro | Into The Next Gear
“WPRO’s 3Q performance was an inflection of sorts. Revenues topped, albeit marginally, the upper end of its guide, a first in over 12 quarters. EBIT margins scaled to its stated target of 17.5%, despite absorbing two months of wage hike. WPRO upped its capital allocation – from 45-50% of PAT to 70%+. Outlook promises the momentum to sustain. 4Q revenue guide (-1% to +1% cc), while same as 2Q’s, now appears conservative. It nevertheless is the highest 4Q growth guidance among peers (INFO/HCL). Deal wins, though stable, were skewed towards smaller deals (73% of TCV), implying higher ACV and hence better conversion. Growth story still has a few rough edges though. EU, APMEA and E&U segments are still work in progress. Improved pipeline and WPRO’s concerted effort should help turn these around. That will be a key for WPRO’s growth to converge, on a sustained basis, with peer-group. Margin outlook – narrow band – on the other hand, is more defendable. Stable margins should also allow WPRO to invest in growth as demand turns. We were already building 17.5% margins for FY27, limiting incremental uplift (+50bps). But we see higher upgrade to Street’s conservative estimates. Our FY27E EPS is now c.15% above consensus. We continue to value the stock at 24x 24-M fwd EPS to arrive at our revised TP of INR 360 (from INR 350). Recent correction in larger peers has narrowed the valuation gap, capping re-rating potential. However, stock should track earnings upgrade trajectory. BUY,” said Abhishek Kumar of JM Financial Institutional Securities Ltd.
Jan 20, 2025, 1:08 pm IST
Result Update: Kotak Bank | 3QFY25: Margins hold up, slippages under control; Upgrade to BUY
“In 3QFY25, Kotak Mahindra Bank (Kotak) reported PPOP of INR51.8bn (+13.5% YoY, +1.6% QoQ, -1.4% JMFe) as lower other income (-2.3% QoQ) was compensated by steady NIM (at 4.93%, +2bps QoQ) and moderated opex growth (+8.3% YoY, +0.7% QoQ). However, continued elevated provisions of INR7.9bn (+20% QoQ, credit costs of 82bps vs 71bps QoQ, emanating out of unsecured products) weighed on PAT at INR33.0bn (+10% YoY, -1.2% QoQ, -4.4% JMFe). However, slippages in PL book tapered off while that in credit cards plateaued, resulting in lower gross and net slippage ratios at 1.63% and 0.88% (vs 1.90% and 1.21% QoQ) which was a positive outcome in our view. Lower CoF (-9bps QoQ) was able to offset the shift in product mix towards lower yielding secured segment leading to margin improvement. Share of unsecured loans (MFI+PL+CC) now stands at 10.5% vs 11.3% QoQ (vs mgmt. expectation of 15% in the near term). Recently acquired PL portfolio of SCB should aid in this endeavour from 4Q25. Deposit growth (+15.9% YoY, +2.6% QoQ) and loan growth (+15.1% YoY, +3.6% QoQ) was steady in a challenging liquidity and regulatory environment. Management highlighted continued efforts w.r.t to resolving RBI embargo though resolution timelines remain unknown. The bank reported RoA of 2.10% (-18bps QoQ). Incremental slippages in unsecured book (which has seen meaningful growth in last few years) and deposit growth trajectory (while sustaining NIMs) will be the key monitorables for the bank. Given systemic growth challenges and elevated credit costs we expect core bank’s earnings growth to remain relatively tepid. We adjust our earnings estimates for FY25/FY26 upwards by ~3%/5% and roll forward to FY27 valuing the core bank at 1.7x FY27e BVPS of INR 748. Upgrade to BUY with TP of INR 2,100 (subs valued at INR 823),” said Sameer Bhise of JM Financial Institutional Securities Limited.
Jan 20, 2025, 12:29 pm IST
One 97 Communications (Paytm) | Transforming Challenges into Opportunities
“Paytm is one of the largest Fintech players in the country with differentiated positioning in business segments with higher monetisation potential. Founded in 2010, the company has consistently been at the forefront of innovation in digital payments whether it was during demonetisation via wallet payments and QR code or contactless POS during COVID. Post the regulatory disruption in January 2024, the company has revaluated its business models and continues on a sustained recovery path with Adj. EBITDA profitability anticipated in Q4FY25 and PAT breakeven in FY26 itself,” said Sachin Dixit of JM Financial Institutional Securities Limited.
Jan 20, 2025, 12:27 pm IST
Expectations for the upcoming Union Budget 2025 – 26 by Mr. Sorbh Gupta, Senior Fund Manager - Equities, Bajaj Finserv Asset Management
The domestic growth is undergoing a transitory slowdown. Leading consumer companies have highlighted good pick up in rural consumption. However, urban consumption is slow. The uncertain outlook on global trade (impending US tariff policies) has added haziness to the near-term outlook. The union budget will play a crucial role in shaping the direction of government spending, whether it focuses on boosting consumption or continuing with capital expenditure. The fiscal consolidation roadmap is expected to remain largely intact.
Jan 20, 2025, 11:37 am IST
Paytm Shares Rally After Q3
Paytm share price zoomed by over 1.2% and traded closer to its 52-week high of Rs 1,063 apiece after reporting better than expected earnings. Q3FY25 net loss narrowed to Rs 208.5 crore compared to Jefferies estimate of loss of Rs 315 crore. Revenue surged to Rs 2,027 crore, also better than estimates in Q3FY25.
Jan 20, 2025, 11:08 am IST
Which Stocks Are Driving Market?
Banking stocks were top gainers with Nifty PSU Bank and Private Bank indexes on BSE rising by 1.25%to 1.7%. Financial, metal, and consumer durables stocks lifted the market furthermore.
Jan 20, 2025, 9:49 am IST
Market Outlook By Sameet Chavan, Head Research, Technical and Derivative - Angel One
From a technical perspective, the benchmark index has experienced a breakdown below its November low and has also failed to make an initial attempt to rise above this level during the week, highlighting the importance of the breakdown neckline. In the meantime, the ‘Falling Wedge’ on the daily chart indicates a nearby support zone placed in the proximity of the 23000-22900 zone for this week, necessitating careful monitoring. Furthermore, the formation of a ‘Doji’ candlestick on the weekly timeframe indicates indecisiveness, with both parties likely seeking triggers to gain momentum. At the higher end of the spectrum, the neckline around 23350, followed by the 23500-23600 zone, is expected to present intermediate resistance, serving as potential barriers that the index may struggle to surpass in the near term.
The market conditions continue to display signs of extreme overselling, characterized by a significant lack of buying interest and ongoing downward pressure on prices. Despite this, there has been no discernible sign of a rebound or recovery, creating a challenging landscape for traders and investors alike. Given the current climate of uncertainty, it would be prudent to maintain a light stance on positions and concentrate on specific thematic stocks that may demonstrate resilience or growth potential.
Jan 20, 2025, 9:15 am IST
Stock Market Outlook Today By Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Globally stock markets will be in a wait and watch mode as Trump 2.0 unfolds today. Many executive actions, particularly on immigration, are expected from the President starting from day one. Markets will wait and watch for the nature of the decisions and their likely impact. Trump had announced that he had a ‘very good’ telephone call with the Chinese President Xi Jinping and that the outcome is positive. This indicates that initially Trump would go slow on tariffs and would prefer to negotiate.
The latest IMF report on Global Economic Outlook projects ‘solid’ growth of 6.5% for 2025 and 2026 for India despite the recent deceleration in growth. This is positive. There is a flurry of Q3 results this week and the market will respond to the results depending on, apart from the numbers, the outlook and management commentary.
Jan 20, 2025, 9:08 am IST
Nifty Bank Outlook Today
“Nifty Bank index's trajectory reflects a cautious bearish sentiment, with every attempt at recovery met with intensified selling pressure. The failure to sustain a higher-high and higher-low structure, coupled with trading below the 10-day EMA, suggests limited buyer interest at current levels. On the weekly chart, the formation of a bearish candle with a pronounced upper wick underscores a seller-dominated market. Strong support levels near 48,200–47,900 offer a potential base for recovery, provided these levels hold. Conversely, resistance at 49,400–49,500 remains formidable, confining the index within a defined range. Until the index provides a decisive breakout, a "range trading" strategy appears prudent, allowing traders to navigate the market cautiously amid prevailing indecision,” commented Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.
Jan 20, 2025, 8:56 am IST
Nifty Outlook Today
“Nifty’s current trajectory indicates a cautiously neutral sentiment, with gains persistently met by selling pressure. The 23,450–23,500 region remains a significant barrier, underscored by strong option writing. The wide range of 23,350 to 23,000 continues to define the market’s boundaries, with intense positioning highlighting the tug-of-war between bulls and bears. On the weekly chart, the Doji pattern underscores lingering indecision, while a strong base near 23,100–23,000 provides immediate support for the bulls. A breakout above 23,350 could potentially trigger short-covering, driving the index toward the critical 24,000 mark. However, the current price action suggests this range is reinforced by substantial option activity, making it pivotal for the week ahead. In the current scenario, adopting a "range trading" strategy remains prudent until the index provides a clear directional cue,” said Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.
Jan 20, 2025, 8:29 am IST
Bank Nifty Options Market Insights
“The derivatives market reflected a bearish sentiment, with call writers retaining their upper hand over put writers. Open interest at the 50,000-strike call surged to 19.89 lakh contracts, solidifying it as a formidable resistance zone. Concurrently, the 48,000-strike put saw an accumulation of 13.44 lakh contracts, establishing a crucial support level. Notable call-writing activity in the 49,000–49,500 range continues to reinforce the resistance ceiling, while unwinding of put positions at higher strikes signals a cautious outlook. The Put-Call Ratio (PCR) dipped to 0.51 from 0.58, reflecting a bearish undertone. The "max pain" level remains at 50,000, marking a critical pivot for upcoming price movements,” commented Dhupesh Dhameja.
Jan 20, 2025, 8:28 am IST
Nifty Options Market Insights
“In the derivatives arena, a cautious tone prevails as call writers maintain their dominance. Open interest at the 24,000-strike call surged to 78.46 lakh contracts, solidifying this level as a formidable resistance. On the flip side, the 22,700-strike put saw an accumulation of 46.26 lakh contracts, establishing a robust support level. Significant activity between the 23,500 and 23,000 strikes indicates a standoff between bullish and bearish forces. The increasing call positions underscore a challenging ceiling for upward momentum. The Put-Call Ratio (PCR) edged up slightly to 0.78 from 0.71, reflecting a cautiously neutral market sentiment. Meanwhile, the "max pain" level at 23,500 suggests limited downside potential in the short term,” said Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.
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